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    Highlights of the ICANNWatch Archive
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    The DoC and XXX | Log in/Create an Account | Top | 72 comments | Search Discussion
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    Where Will ICANN Spend All the .XXX Cash ???
    by Anonymous on Wednesday August 24 2005, @05:48PM (#16077)
    Where Will ICANN Spend All the .XXX Cash ???

    ICANN is headed to Vancouver Canada to consider
    a new office location.

    http://www.niho.com/Press/Press17.asp

    There are at least three buyers anxious to take the famed Douglas Lake Ranch off the hands of bankrupt American telecom giant WorldCom Inc. now that the company appears to have seized control of the property from Bernard Ebbers, said Vancouver real-estate consultant Rudy Nielsen.

    All Nielsen would say about the potential purchasers he represents are that two are Canadian, the third is from "offshore" and that all of them are interested in operating the 66,371-hectare property as one big ranch and have no intention of parceling off any land for further sale.

    He doubts, however, that the ranch will fetch anywhere near the almost $100 million Ebbers reportedly paid for it in 1998. Nielsen did a detailed appraisal of the property at the time that valued it between $65 million and $85 million.

    "You've got to have some return on it. There's not many guys like Ebbers out there that'll pay that trophy fee [with] unlimited money," Nielsen said.
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